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"Both U.S. and Israeli Officials have now Confirmed that Prime Minister Netanyahu has Agreed to Delay the Invasion of the Gaza Strip until the U.S. Military is able to move more assets into the Region including at least 12 Air Defense Systems, for the Interception of Cruise and Ballistic Missiles as well as Rockets and Drone, which are set to be spread across multiple Countries in the Middle East including Bahrain, Iraq, Kuwait, Saudi Arabia, Qatar, and the UAE."
Link:
https://www.wsj.com/livecoverage/israel-hamas-war-palestinians-news/card/israel-agrees-to-delay-invasion-of-gaza-so-u-s-can-rush-missile-defenses-to-region-wFU3kduhruPhm6e8OM7b
Energean is a bargain here and I'll increase my position tomorrow.
Well said SeplatWinner, exactly how I see it! This is an op for the wise investors. JAdams has no idea what he's talking about, and he thinks spouting negativity on a BB like this will affect the share price, absolutely clueless individual.
Although I see in your profile your writing about "risks" in about 10 different companies per day - i.e. it's very hard to keep a gentleman as yourself positive about anything - here's how I see about it:
I'm investing and I'm not trading. Currently, the market cap is below the value of the wholly owned FPSO - not accounting their wholly owned ROVs, OSVs, hundred of miles of pipelines - and so on. Add to this the largest Gas producing asset in Italy coming online in Q1 2024 (will Hezbollah attach Italy as well, according to you?), Egypt, Croatia, Greece and so on. You're also probably aware that their largest producing asset outside of Israel sends royalities to Lebanon (Hezbollah) - making little sense for it to be a target. Let me not rehash what I said earlier about two carrier groups from the US + Israels army protecting their own gas supply.
I'm willing to give you that the share price will be weak as long as this escalates, but as a investor I have to buy assets at 2x earnings whenever the markets provides me an opportunity to do so.
Got to be mad to own this
Could get ugly
I have no clue what the SP does in the short term, however - this is a incredible bargain for anyone with a 2-3 year holding period. It will earn its market cap & net debt in free cash flow within 36 months. Hard to beat IMHO.
If we come to a situation where Israel gas supplies (i.e. Energean) is bombed - I'd say the whole ME will be up in flames. Let's hope not. And, as I said in my first post: it's not that the Israel and US army are unaware of the situation. The amount of security assets safeguarding this area is breath-taking; not an easy task to get through. We also know, unfortunately, that the Hamas/Hezbollah prefer civilian targets over military/economical targets any day of the week.
Looks like the 52 week low may be smashed on actual invasion.
Good points and look forward to the quarterly dividend.
A few things to consider:
- Energean FPSO is 100% insured
- the largest Carrier Battlegroup in the world just entered the same seas (and they are on Israels side)
- Energean now supplies 90% of Israels own gas needs. I'm pretty confident the security of Energean assets are top of mind in the government
- 2-3x ev/ebitda next twelve months
- monster discovery outside of Egypt
- 19 years of reserves for a $1750m yearly production (pre any other discoveries)
I think caution is required here.
Just over a year ago Hezbollah sent three drones out to the FPSO, The Israel Defence Force shot them down but Hezbollah claimed that they had gathered all the information that they needed and had fulfilled their mission. Difficult to say which way this could go. Some skirmishes between Hez and IDF on the border currently so hopefully they don't develop any further but this is the ME and escalation can happen very quickly.
So. The installation is 50 miles offshore
Possible Hezbollah involvement
Hezbollah supporters cheer and hold images of burning Israeli flags as terror group chief says it i… https://mol.im/a/12627705 via https://dailym.ai/android
Don't be stupid mate, you clearly don't know the environment shorts operate in... You're just making yourself look like a fool.
It’s a war zone after all
Risks are enormous
It is a one sided war. The other side have no planes or tanks or 400000 army
Nice cool buy by Non Exec Chair Karen Simon for nearly half a Million pounds for 50k shares, at premium of 925p, good enough for her cash... good enough for my cash, overall wise move.
Wait to buy !
This drop will be deep.
Few want to invest in a country at war....
Looks like Directors are buying , as I did for the longer term and quarterly dividends
Good to see (todays RNS refers). ;-)
Even keyboard warriors are unable to predict the aftermath of the terrible tragedy that's unfolding.
But caution is a necessary commodity here - as investments don't usually respond well to war....
"ENOG will go down to 500p from charts"
Lol, wtf, and then u set "Strong buy" based off of that info PMSL, left hand doesn't what right hand is doing!
The whole world is afoot into de-escalating the territory ... no want wants all out war, and tension has always been high prior to this situation. Also this is just one asset in the company's portfolio!
ENOG will go down to 500p from charts
however if any attack happens on ENOG assets in the region then expect 200p
DYOR
This war is totally unpredictable, and could last for years - in some format. Israel (the size of Wales) has become an intense war zone, and not (imo) currently a place for prudent investment.
No RNS to say they've halted operations... it's mostly about the risk of being attacked during this 'War'...But I don't think this will happen. Soon as some sort of de-escalation is in place this will rise quickly.